Ireland : Selected Issues

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 28, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper estimates the cyclical position of the Irish economy. Assessing the business cycle in Ireland is complicated by the open character of its labor market and large presence of globally active multinationals. However, analysis suggests that the Irish economy is in the midst of a cyclical upswing. All methods suggest a positive output gap in 2017, while the labor market shows signs of upward wage pressures, as net immigration has been weak so far. These signs are consistent with a cyclical upswing, amid strong estimated potential output growth, and point to risks of a boom-bust cycle, should the economy continue to push the growth momentum.

Series:

Country Report No. 18/195

Subject:

English

Publication Date:

June 28, 2018

ISBN/ISSN:

9781484363874/1934-7685

Stock No:

1IRLEA2018002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

62

Please address any questions about this title to publications@imf.org